Home / Business / #Giant: TATA to invest $35 billion in bid to become TOP 25 Global Player

#Giant: TATA to invest $35 billion in bid to become TOP 25 Global Player

India’s giant Tata Group has unveiled plans to invest a staggering $35 billion over the next three years in a bid to become one of the world’s 25 biggest corporates.

The plans were announced in Mumbai on Wednesday by Tata chairman Cyrus Mistry, who took over the running of the conglomerate last year after the retirement of the company’s iconic former chair Ratan Tata.

Mr Mistry’s plan is called ‘Vision 2025’ and aims to place the Group among the “25 most admired corporate and employer brands globally, with a market capitalisation comparable with the 25 most valuable companies in the world ” by the year 2025.

Founded in 1868 by Ratan Tata’s great grandfather Jamsetji Tata, the company is already a sprawling $138 billion revenue behemoth employing well over half a million people in dozens of companies and with interests in everything from tea and hotels to aviation and financial services.

The Group is best known outside India as the owners of the iconic British motoring brands Jaguar and Land Rover as well as European steelmaker Corus.

Whilst the Group is general known as a uniquely Indian brand, a majority of its revenues now come from international operations with Jaguar Land Rover leading the way with booming business in countries such as China and the United States.

The other main driver of the Group’s success has been Tata Consultancy Services, the $13 billion revenue IT services division with offices in more than 40 countries servicing clients ranging from Motorola through Ferrari to Allianz.

The company confirmed that part of ‘Vision 2025’ is to focus investment in several new business “clusters” including in India’s burgeoning defense and aerospace, retail and infrastructure sectors.

The plans are seen as testament to the new-found confidence felt by big business in India since the election of development-driven Prime Minister Narendra Modi in May.

Mr Modi is keen to kick-start India’s flagging growth by placing particular emphasis on breaking down barriers to investment in infrastructure projects and the aerospace industry.

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